CDT Equity Inc. — Form 8-K
Filed September 18, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 92/100
What the filing says
CDT Equity Inc. (market cap ~$55K) issued a $1,575,000 senior secured convertible note to J.J. Astor Co. on September 14, 2026, with original principal amount of $2,126,250 (35% original issue discount). The note is payable in 24 weekly installments of $88,593.75 (maturing March 1, 2027) and converts at a floor price of $0.05 per share. Simultaneously, the company issued a warrant to purchase 3,468,500 common shares at $0.25 per share (5-year term). This is the third financing from Astor within 3 months (prior warrants issued June 11 and August 31, 2026). ATM financing proceeds (80% net) are prioritized to repay this note before an August 31 note and an existing note.
Why this rating
Dilutive financing equal to ~2,855% of company's $55K market cap represents existential event. Massive dilution via conversion mechanics, warrants, and make-whole shares; punitive 120% default amount; highly restrictive covenants; subordinates all other debt.
Price action (we called it negative)
at our read pending | +10 min pending | +30 min pending | +1 hr pending | +4 hrs pending |
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